Budget & Annual Reports
Update on the FY19 Budget ProcessThis year, the City is utilizing a new budget process aimed at aligning the FY19 budget directly to the City services paid for through the budget. Beginning in January, each City department presented a service-level review to educate City Council and the community on the services provided to the community that
The Five Year Financial Plan, which is a comprehensive document that takes a broad look at the City and its fiscal health through a review of current economic conditions, benchmarking to comparable communities, streets and fleet analysis, alternative funding policy considerations, and revenue and expenditure projections. The revenue and expenditure projections, or forecast, shows that the City is operating in a structural deficit, which in simpler terms means that expenditures are outpacing revenues. Based on updated projections, the City will realize a shortfall of $475,000 by the end of FY18. The forecast shows that trend continuing in FY19 with an additional shortfall of $1.2 million. This brings the total budget deficit to $1.68 million by the end of FY19.
To address the forecast deficit, each of the City’s departments will identify budget-balancing measures, which includes both expenditure reductions and new revenues, that will improve the fiscal health of the City. Each department will look at services offered to the community and determine which, if any, of those services, can be reduced, eliminated, or shared with other units of government. The costs associated with those services can then be better evaluated. By starting this process early, we can identify meaningful changes that improve the fiscal health of the City while continuing to provide great service to our residents.
The City has encouraged its employees to take an active role in this process by sharing their ideas for budget-balancing measures. Residents are also encouraged to be a part of the discussion as the FY19 budget process continues. Public comment is accepted at all Committee of the Whole and City Council meetings, which are listed on the website calendar.
To learn more about the budget and the City services funded through it, members of the community are encouraged to view the City's 2018 Budget Basics Video.
The DeKalb budget process is a comprehensive mechanism for developing each year’s financial plan. This process includes input and feedback from the City Council, City staff, the Finance Advisory Committee and members of the public. According to the Government Finance Officers Association, the budget is “a statement of priorities for the community that:
1) Communicates to stakeholders what services they can expect and how their tax dollars are being spent
2) Defines how the local government allocates its resources to achieve what is important to the community
3) Translates policies into action.”
In DeKalb, this principle guides the process of document development. About six months before the start of the fiscal year, department heads begin work with their staff to determine service and program priorities. These priorities are reached by analyzing past data and anticipation of future needs. Once a budget request draft is ready, it is reviewed by the City Manager’s Office and the Finance Department. Together, leadership reviews major operational
After revenue and expenditure estimates are finalized, the full draft budget is then reviewed during joint meetings of the City Council and the Finance Advisory Committee. If necessary, further revisions are made. Finally, the recommended budget is offered for comment at a public hearing and subsequent adoption by the Mayor and the City Council.
Historically, the City’s fiscal year was July 1 to June 30. The FY16.5 budget was a 6-month budget (July 1 to December 31) to change the City’s fiscal year to the calendar year. Therefore, beginning with the FY17 Budget, the City’s fiscal year is January 1 to December 31.
The City of DeKalb Budget is the culmination of strategic financial and operational planning. This document reflects sound decision-making and recommendations for the City’s future. The budget is monitored, reviewed and referenced throughout the year.
FY18 Adopted Budget
FY18 Proposed Budget
All Archived City Budgets
Comprehensive Annual Financial Report (CAFR)The Comprehensive Annual Financial Report (CAFR) report fulfills local and state laws requiring the City to issue an annual report on its financial position and activity presented in conformance with generally accepted accounting principles (GAAP) and audited in accordance with generally accepted auditing standards by an independent firm of certified public accountants.
FY17 Comprehensive Annual Financial Report
FY17 Management Letter
FY16.5 Comprehensive Annual Financial Report
FY16.5 Management Letter
FY16 Comprehensive Annual Financial Report
FY16 Management Letter
FY15 Comprehensive Annual Financial Report
FY15 Management Letter
All Archived CAFRs
Popular Annual Financial Report (PAFR)
The Popular Annual Financial Report (PAFR) is a brief summary of the City's Comprehensive Annual Financial Report (CAFR). This report is intended to increase knowledge throughout the community of DeKalb's financial condition. The financial information
FY17 Popular Annual Financial Report
FY16.5 Popular Annual Financial Report
FY16 Popular Annual Financial Report
FY15 Popular Annual Financial Report
All Archived Popular Annual Financial Reports